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Apartment Building with Private Porches
For Sale
$155,000

2972 Rochester St, Detroit, MI 48206

Large two-bedroom, one-bath residences are paired with exterior porch space.

Property Size15,188 SF
Price / SF$10.21
Days on Market14

Property Features for 2972 Rochester St

General Information

Standard status Active
Size 15,188 SF
Property subtype Commercial

Building Details

Year Built 1925
Listing Agency: Green River Homes LLC
Listed By: Kate Kopliner
Source: Vmrealestatemichigan
Added: Sep 18 Changed: Sep 29 Last Checked: Sep 30 at 12:49PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Green River Homes LLC

Investment Insights

Based on property information with market context.

Built in 1925, this 15,188-square-foot apartment property has large two-bedroom, one-bath layouts, each with a private exterior porch. Interior demolition and reframing have been completed, along with stack replacements, exterior tuckpointing, a new roof, and a perimeter drain tile system. Temporary power is in place, and exterior porches and balconies are in progress. Architectural and engineering plans are included.

Environmental and utility clearances have been completed. The sale also includes an additional lot, identified for potential new construction or expanded parking.

Key Highlights

  • 15,188‑square‑foot apartment property built in 1925
  • All residences have two bedrooms, one bathroom, and private exterior porches
  • New roof, complete exterior tuckpointing, and full perimeter drain tile system

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

335
Businesses Nearby

Demographics for 48206, MI

15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Large two-bedroom, one-bath residences are paired with exterior porch space.
Where is this apartment building located?
The property is located at 2972 Rochester St Detroit, MI.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 15,188‑square‑foot apartment property built in 1925; All residences have two bedrooms, one bathroom, and private exterior porches; New roof, complete exterior tuckpointing, and full perimeter drain tile system
More about this property
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